First American CREDCO, which provides specialty credit reports to the mortgage industry, has launched a new product suite that aims to help mortgage lenders manage risk and proactively retain customers.

The Portfolio Services product enables lenders to monitor specific activities on an individual consumer’s credit file, evaluate credit-specific trends and receive summarized credit-related demographics for consumers within their portfolio.

The product can inform lenders about the behavioral patterns of consumers within their portfolios. For example, lenders can learn which customers are shopping around for other loans or which have stopped paying their credit card bills

Portfolio Services contains three tools. Account Monitoring alerts the user when the consumer’s credit file is updated with a “trigger” event, such as a new-credit inquiry or bankruptcy filing. The Batch and Append tool delivers compiled data about the consumers within the portfolio, such as credit scores and mortgage loan amounts, and allows users to prioritize and focus their marketing efforts. Portfolio Credit Review provides overview data for the total portfolio and analysis needed for valuation.

Each of the tools can operate independently and are available as individual products.

First American CREDCO is a member of the First American Family of Companies.

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Send tips or a letter to the editor to jessica@inman.com or call (510) 658-9252, ext. 133.

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